Rajarshi Mitra
Independent Analyst
- XRP/USD bulls come back into the market following two straight bearish days.
- The MACD shows sustained bearish market momentum.
XRP/USD daily chart
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XRP/USD bulls re-entered the market, following two straight bearish days. The price has recovered from $0.1871 to $0.1882 in the early hours of Saturday. The MACD shows sustain bearish market momentum, while the Elliott Oscillator has had three straight red sessions. All the indicators show that overall market sentiment is extremely bearish and further price drop could be expected.
Support and Resistance
XRP/USD has four strong resistance levels upfront at $0.19, $0.1932, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.1858 and $0.1816.
Key levels
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